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According to a report by Fortune, Capital One stated in a court filing that the closure of Trump related accounts in 2021 was based on anti money laundering (AML) reviews and banking regulatory requirements, and requested the court to dismiss the lawsuit filed by Trump. Trump accuses Capital One of illegally closing its account due to political reasons after the Capitol riot. Capital One responded that the decision to close the account was made by the bank's anti money laundering team based on internal policies and regulatory guidelines.